Collision Deductible
Collision coverage is optional, however, it must be included when comprehensive coverage is selected. The deductible amount you see in your quote refers to the portion of the claim that you are responsible for. The higher the deductible, the lower the premium.
This coverage pays for damage to your vehicle caused by a collision that exceeds the deductible you select. You will be required to pay your deductible, and the remaining expenses will be paid by your insurance company, at their discretion. If your vehicle is totaled and the damages fall under Collision Coverage, you will be reimbursed for the Actual Cash Value (ACV) of your vehicle, less your deductible. The actual cash value of your vehicle is its true market value. This is determined by the year, make, model and condition of your vehicle.
What is covered?
Collision Coverage covers damage to your vehicle in the event it overturns or collides with another vehicle or object, other than an animal. This coverage will only apply to vehicles listed on your policy for which you have selected a Collision Coverage deductible.
Example
You are backing out of your driveway and hit a telephone pole. You will be required to pay the amount of your deductible, and the rest will be paid through Collision Coverage.
Your coverage limits, deductibles, and certain exclusions may apply. Please read your policy for details.